31 August 2012 – interim results
Revenue in the first half of 2012 increased by 9.4% to US$703.7m (2011: US$643.5m). Profit before tax increased by 35.8% to US$51.2m (H1 2011: US$37.7m). Diluted earnings per share were 27.06 US cents. (2011: 26.05 US cents). Net cash jumped by 36.0% to US$240.8m (June 2011: US$177.1m) allowing an interim dividend of 5.5 US cents per share to be declared, up 10.0% (2011: 5.0 US cents). We maintain our BUY rating.